Olswang has advised design-led stationery, greeting cards and gifts specialist Paperchase on a £50 million refinancing package. 

The refinancing package will further support and enhance the company's strong growth ambitions in the UK and internationally. It includes a £32m six-year term loan from direct lending fund Permira Credit Solutions II and £18m of capex, revolving credit and ancillary facilities from Lloyds Banking Group.

Following the refinancing, Paperchase remains under the ownership of Primary Capital, a leading provider of private equity to UK-based growth companies, and existing management led by chief executive Timothy Melgund. The debt investors have been attracted by the company's strong trading and prospects for the future.

The Olswang team was led by Finance Partner Ruth Marken, supported by Partner Stephen Rosen (Corporate), associates Sarah Wilson (Corporate), Howard Bruton (Finance), Mike Tanner (Finance) and Trainee Solicitor Adebayo Lanlokun (Finance).